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Coastal Marketing Group - RE/MAX Surfside - Cape May New Jersey

143 E Spencer Avenue, Wildwood

SOLD | $615,000 | 04/22/24

Description

This 4 unit muti-family complex is a RENTAL POWER HOUSE! Property features a triplex within the main building and a private cottage located in the back. There are many options to utilize this income producing property. This is the perfect location for summer "weekly rentals", Airbnb or just continue renting on a monthly basis and rake in over $65 K in gross profits. The main 3 bedroom 2 bath unit has recently been freshly painted and brand new carpeting installed. This unit is currently vacant and ready to be occupied by a buyer or rented to a tenant of the buyer's choice. Why not "move right in" and have the 3 unit income stream pay your mortgage?! This neighborhood is anticipating a revitalization from the "Pacific Avenue Redevelopment Plan" so look forward to a boom in real estate appreciation. Brand new construction project is currently being built across the street. Located only 2 short blocks from Wildwood beaches and World Famous Boardwalk.

Features

  • Porch

  • Storage Building

  • Heat Fuel:Gas Natural

  • Heat Fuel:Electric

  • Heat Fuel:Baseboard

  • Water Heater:Gas

  • Concrete Driveway

  • Cooling:Other

  • Public

Location

 

Let the COASTAL MARKETING GROUP be your buyer for this listing. LISTING IS PROVIDED BY BERGER REALTY. The data relating to real estate for sale on this web page appears in part through the Cape May County MLS program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which we participate, and is provided by Cape May County MLS through a licensing agreement. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to change, withdrawal, or prior sale.

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